XN000022-1993-05-07 — Page 10

FRIDAY, MAY 7, 1993

HE POINTED OUT THAT THE COMPENSATION FOR EXTINGUISHMENT THROUGH RESUMPTION OF LEGALLY-ESTABLISHED RIGHTS TO CONDUCT BUSINESS IS TYPICALLY THREE TO FIVE TIMES THE ANNUAL NET DISCOUNTED PROFITS, DEPENDING ON THE ROBUSTNESS AND PROSPECTS OF THE BUSINESA BRING COMPENSATED.

ALSO, UNDER THE NEW ARRANGEMENT, FISHERMEN USING VESSELS LONGER THAN 15 METRES WHICH, LIMITED BY THEIR DESIGN AND EQUIPMENT, ARE HABITUALLY USED FOR INSHORE FISHING ARE ENTITLED TO CLAIMS FOR EX- GRATIA ALLOWANCES.

THE TOTAL FINANCIAL IMPLICATION BETWEEN NOW AND 1995 FOR THE NEW ARRANGEMENT WILL BE $205.5 MILLION.

THE EFFECTIVE DATE FOR THE NEW EX-GRATIA ALLOWANCES WOULD BE DATED BACK TO APRIL I THIS YEAR, MEANING THAT ALL VESSEL OWNERS OR OPERATORS AFFECTED BY THE CURRENT PROGRAMME WOULD BE PAID AT THE NEW RATE.

ARRANGEMENTS WOULD BE MADE FOR THOSE ELIGIBLE FOR THE NEW RATE, BUT WHO HAD ALREADY BEEN OFFERED AN ALLOWANCE AT THE OLD RATE, TO PAID THE BALANCE, THE SPOKESMAN SAID.

BE

SERVICE STATIONS FOR LORRY DRIVERS BEING EXAMINED

* * *

THE GOVERNMENT IS EXAMINING THE POSSIBILITY OF SETTING UP SERVICE STATIONS AT BORDER POINTS FOR CROSS-BORDER LORRY DRIVERS.

THE PROPOSAL WAS RAISED IN A LEGISLATIVE COUNCIL. TRANSPORT PANEL MEETING IN FEBRUARY.

FACILITIES IN THE PROPOSED SERVICE STATIONS INCLUDE PETROL FILLING, CAR PARKING, CAR REPAIRING, RESTAURANTS, LATRINES AND REST AREAS FOR DRIVERS OF CROSS-BORDER VEHICLES.

THE TRANSPORT DEPARTMENT HAS ARRANGED A VISIT FOR LORRY TRADE REPRESENTATIVES TOMORROW (SATURDAY) TO IDENTIFY POTENTIALLY SUITABLE SITES FOR THE SERVICE STATIONS. THE VISIT WILL COVER ALL THREE BORDER CROSSING POINTS SHA TAU KOR, MAN KAM TO AND LOK MA CHAU.

+

CHI-YUEN, WILL JOIN IN

THE

LEGISLATIVE COUNCILLORS, MR TAM YIU-CHUNG AND MR TIK WHO HAVE MADE THE REQUESTS FOR THE LORRY DRIVERS, VISIT.

/RECENTLY, THE

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